Warning lights
Signals from the annual accounts, the CBE and the Official Gazette, each with its threshold and source. No score, no verdict.
-
Shrinking team NBB
FTE fell two years in a row, from 19.2 to 17.
Financials
Financial year 2025
Marsh Re (Belgium) from Oudergem, company number BE0421850327, closed financial year 2025 with a result of € 1.8 million after tax. For that financial year Marsh Re (Belgium) recorded a gross margin of € 9.8 million and equity of € 1.4 million. Compared with financial year 2024, the result moved from € 1.2 million to € 1.8 million. Profitable, and profit is growing. The company holds a healthy buffer. High debts against a small own buffer. The most recent annual accounts were filed with the National Bank of Belgium on July 10, 2026.
€ 1.4 million
▼ 28% vs 2024
Assets minus debts, by the books. What is left if everything were sold and paid today.
€ 1.8 million
▲ 47% vs 2024
Profit after tax over the fiscal year.
€ 7.1 million
▼ 56% vs 2024
Cash and bank balances on the last day of the fiscal year.
€ 2.3 million paid out
More than the year’s profit went to the shareholders; reserves fell.
People and assets in 2025
17
▼ 0.9 vs 2024
Average over the fiscal year, from the social balance sheet.
€ 7.5 million
▼ 14% vs 2024
€ 443,200 per full-time equivalent. Payroll staff only. What the director pays themselves is already netted into the gross margin and is not shown separately in the accounts.
€ 34,859
▼ 4% vs 2024
Book value of vehicles, furniture and equipment.
Debts at end 2025
None
No bank loans on the last day of the fiscal year.
€ 18.9 million
▼ 37% vs 2024
Supplier invoices still open on the last day of the fiscal year.
€ 3.8 million
▼ 17% vs 2024
Taxes, VAT and social contributions still to pay.
| 2022 | 2023 | 2024 | 2025 | Change 2024 → 2025 | |
|---|---|---|---|---|---|
| Gross margin | € 6,943,266 | € 8,754,769 | € 10,199,236 | € 9,794,104 | ▼ 4% |
| Profit after taxes | € 122,147 | € 901,570 | € 1,197,209 | € 1,763,192 | ▲ 47% |
| Equity | € 1,300,449 | € 2,202,019 | € 1,999,228 | € 1,434,467 | ▼ 28% |
| Total debts | € 49,916,036 | € 17,454,178 | € 36,737,304 | € 25,754,847 | ▼ 30% |
| Cash | € 9,936,330 | € 3,073,751 | € 16,239,621 | € 7,124,818 | ▼ 56% |
| Retained profit | € 76,449 | € 978,019 | € 775,228 | € 210,467 | ▼ 73% |
| Dividend | € 872,828 | € 0 | € 1,400,000 | € 2,327,953 | ▲ 66% |
| Balance sheet total | € 51,216,484 | € 19,683,640 | € 38,942,159 | € 27,189,314 | ▼ 30% |
| Employees (FTE) | 17.5 | 19.2 | 17.9 | 17 | ▼ 0.9 |
Key figures of Marsh Re (Belgium), fiscal years 2022 to 2025, from the annual accounts filed with the National Bank of Belgium.Next annual account (fiscal year 2026) expected before 31 July 2027.
What happened to Marsh Re (Belgium)?
What happened at Marsh Re (Belgium) in recent years, according to the Belgian Official Gazette, the CBE and the National Bank:
- New annual accounts for financial year 2025: profit of € 1.8 million (▲ 47% vs 2024). Source: NBB ↗
- Eddy VANBENEDEN stepped down as director. NBB
- Richard COCKS stepped down as director. NBB
- Eddy VANBENEDEN became a director. NBB
- Richard COCKS became a director. NBB
- New establishment in Oudergem. KBO
- Start of the company according to the CBE. KBO
In short
From € 122,147 profit in 2022 to € 1.8 million profit in 2025.
Paid € 1.1 million in corporate taxes since 2022.
Best year ever: 2025, with € 1.8 million profit.
On average € 576,100 of value added per employee in 2025.
Management
The shares are held by Marsh & McLennan Companies Finance Center s.à.r.l. (99.8%) and The Carpenter Management Corporation (0.2%).
Directors
According to the 2025 annual accounts
Eddy VANBENEDEN
Director
since 2019 · until 2026
Richard COCKS
Director
since 2019 · until 2026
Shareholders
Marsh & McLennan Companies Finance Center s.à.r.l.
99.8%
The Carpenter Management Corporation
0.2%
Participations
No participations in other companies reported.
Establishments
Establishment units
Physical locations of this company
Herrmann-Debrouxlaan 2
1160 Oudergem
Who else lives here?
A building full of entrepreneurs or one very busy letterbox? Another 5 companies are registered at this address.
All companies at this address →What is an establishment unit? An establishment unit is a geographically identifiable place where activities of the enterprise are carried out.
Website
Technologies
Hosting & Email
Email provider
Self-hosted
Hosting
AMAZON-02 - Amazon.com, Inc., US
Domain
Domain
guycarp.com
Registered
1995-08-01
Registrar
MarkMonitor, Inc.
Expires
2026-07-31
Website info
Features
Security
Network
Details
- Company number
- 0421.850.327
- VAT number
- BE 0421.850.327
- Registered office
- Herrmann-Debrouxlaan 2, 1160 Oudergem
- Names & denominations
- Marsh Re (Belgium)
- Enterprise type
- Rechtspersoon
- Legal form
- Public limited company
- Legal situation
- Normale toestand
- Start date
- 15 July 1981
- Peppol
- Active · Active since 29 Dec 2025
- Contact
- guycarp.com
- Activities · NACE
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